ProShares Ultra DJ-UBS Crude Oil Crosses Below its 10-day MA (UCO)
ProShares Ultra DJ-UBS Crude Oil (NYSE:UCO) crossed under its 10-day moving average of $31.88 on a volume of 305K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
ProShares Ultra DJ-UBS Crude Oil share prices have moved between a 52-week high of $40.17 and a 52-week low of $27.62 and are now trading 14% above that low price at $31.43 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.
SmarTrend recommended that its subscribers protect gains by selling shares of ProShares Ultra DJ-UBS Crude Oil on July 31st, 2014 by issuing a Downtrend alert when the shares were trading at $34.81. Since that call, shares of ProShares Ultra DJ-UBS Crude Oil have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses proshares ultra dj-ubs crude oil